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Search OptionsBusinessHold Your Filings: Preliminary Injunction Placed on Government Enforcement of CTA and Beneficial Ownership Information Reporting Requirements
As of December 3, 2024, all U.S. companies that were subject to the reporting obligations under the Corporate Transparency Act (“CTA”) have been temporarily relieved of their obligation to submit beneficial ownership information (“BOI”) reports to FinCEN. The U.S. District Court for the Eastern… Time Quickly Running Out: Important Reminders about the Corporate Transparency Act
Time is running out for your business to comply with the Corporate Transparency Act (“CTA”). If your business is subject to the CTA and it does not comply, severe penalties could be imposed against the company and those who should have reported their beneficial interests. The CTA requires most small… Important Reminders about the Corporate Transparency Act
The federal Corporate Transparency Act (“CTA”) went into effect January 1, 2024, and requires most small businesses to file a Beneficial Ownership Information (“BOI”) report with the United States Department of Treasury, specifically the Financial Crimes Enforcement Network (“FinCEN”). Companies… Profits Interests 101: The Basics and Uses of Profits Interests
With today’s ongoing workforce development challenges, businesses constantly seek innovative and effective ways to attract, incentivize, or otherwise retain top talent. In certain cases, a business may wish to reward an executive or employee or recruit new leadership for their prospective… Corporate Veil Torn Apart? U.S. Supreme Court to Review Trademark Infringement Damages Case
A federal district court awarded $43 Million dollars in damages for trademark infringement in an infringement and contract dispute suit. The district court determined that profits of an affiliate could be disgorged as damages under the Lanham Act (the federal statute covering trademarks). The… Foreign Entities – To Register or Not to Register
In today’s business environment, many businesses operate across state lines. Such interstate activities include sales (online or in-person), transportation and shipping, advertising, professional services, manufacturing, hospitality and tourism, and much more. Most companies also employ workers… Supreme Court Opinion in Favor of IRS Requires Review of Shareholder Buy-Sell Agreements
On June 6, 2024, the U.S. Supreme Court unanimously affirmed the Eighth Circuit’s ruling that a closely held corporation’s contractual obligation to redeem shares is not a liability that reduces a corporation’s value for purposes of the federal estate tax. With the Court’s recent decision in … FTC Issues Rule Banning Non-Compete Agreements
On April 23, 2024, the Federal Trade Commission (FTC) announced its final rule banning virtually all employee non-compete agreements nationwide in approximately 120 days. The FTC initially issued its proposed rule in January 2023. The FTC thereafter received and considered over 26,000 comments to… DOL Releases Final Rule Raising Salary and Compensation Thresholds for Overtime Exemptions
On April 23, 2024, the U.S. Department of Labor (DOL) released a final rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, which increases the salary and compensation thresholds necessary to qualify for certain overtime… Indiana Enacts Senate Enrolled Act 9 Requiring Notice of Certain Health Care Transactions
On March 13, 2024, Governor Eric Holcomb signed Senate Enrolled Act 9 (“SEA 9”) into law, requiring advance reporting for certain mergers and acquisitions involving Indiana health care entities. Indiana joins a number of other states with similar reporting requirements, although the drafting of SEA… Corporate Transparency Act Held Unconstitutional: What This Means for Your Business
The Corporate Transparency Act (“CTA”) has been ruled unconstitutional by the U.S. District Court for the Northern District of Alabama (“Court”) in an opinion issued on March 1, 2024. This ruling raises uncertainty for the approximate 32.6 million businesses that are subject to the CTA. Background… Impact of AI in the M & A Sector: Key Advantages, Challenges, and Considerations
Artificial Intelligence (AI) continues to grow apace despite deal activity dropping overall in 2023 in response to economic and market instability brought on by a combination of high interest rates, inflation volatility, and geopolitical tension. AI can provide innovative improvements to the M&A… |
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